Close
❮
❯
Enverus Home
docFinder
M&A
Learn More
Videos
About Us
Contact Us
Register
Log In
Username (email)
Password
Remember Me
Forgot Password?
or
Sign Up Now!
New Search*
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
Full Document
Key Slides
Anderson Energy Ltd
|
May 2008, Corporate Profile
| Brian H. Dau | Page 1 of 11 |
April 24, 2024
Save
Email
Print
View in Results
toolButton
prevButton
nextButton
prevKeyButton
nextKeyButton
prevKeyButton
nextKeyButton
byDateAscButton
byDateDescButton
byCompanyNameAscButton
byCompanyNameDescButton
hidden
hidden
Document:
"May 2008, Corporate Profile"
View Full Document
×
Search Selection
Search by Text
Search
Search by Slide
Search
Cross reference your docFinder results against PLS' extensive news archives.
For demo or training contact Melwyn Oommen,
melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
Legal Disclaimer
.
Next 200
First
Previous
Zoom
Next
Last
2007 Reserves Information Total Proved Plus Total Proved Probable December 31, 2007 (MMBOE) 28.9 39.9 Reserve Life Index 9.9 years 13.7 years 2007 Production Replacement 7.5X 8.6X FD&A Costs - Additions ($/BOE) 18.03 14.39 Edmonton Sands Land Position (sections) 160 206 303 70 105 179 191 318 2005 2006 2007 May 1/08 Edmonton Sands Land Position Drilling Inventory 852 913 1,161 1,128 290 379 585 570 2005 2006 2007 Q1/08 Drilling Locations Gross Net Anderson Energy Production (BOED) 2,256 4,113 5,328 7,879 8,500 8,200 8,600 2005 2006 2007 Q1/08 Current 2008E Production 2008 Production Upside PROFILE Anderson Energy Ltd. is a resource based gas manufacturing company. The Company's focus is on two resource plays: Edmonton Sands and Horseshoe Canyon Coal Bed Methane ("CBM"). Net of wells drilled, the Company increased its drilling inventory by 53 gross (46 net) locations in the first quarter of 2008 to a total of 1,128 gross (570 net) drilling locations, of which 86% are net Edmonton Sands locations and 7.5% are net Horseshoe Canyon CBM locations. Anderson Energy continues to grow its Edmonton Sands land position with the May 1, 2008 land inventory being 318 gross (191 net) sections. Anderson Energy was formed as a private company in 2002 and commenced trading on the TSX on September 7, 2005. Most of Anderson's management team were involved in Anderson Exploration Ltd. which was sold to Devon Energy in September 2001 with a total enterprise value of over $7 billion. On September 1, 2007, Anderson Energy closed a $118 million acquisition, significantly increasing the size of the Company. PRODUCTION & RESERVES Anderson Energy continuously strives to grow production and reserves both organically and through acquisitions. The Company's sales averaged 7,879 BOED in the first quarter of 2008. Current production in May 2008 is approximately 8,500 BOED with 900 BOE behind pipe. 2008 production guidance is between 8,200 and 8,600 BOED, a 54% increase over 2007 at the low end of the range. At December 31, 2007, total proved reserves increased 78% over December 31, 2006 and total proved plus probable reserves increased 59% over December 31, 2006. Edmonton Sands reserves were 18.4 MMBOE, 64% of the corporate totals on a proved basis and 24.3 MMBOE, 61% of the corporate total on a proved plus probable basis.